Presidency Vs IOCs On Oil Theft: The Truth Is Gradually Coming Out By Ifeanyi Izeze.

Rivers of Hope

By Ifeanyi Izeze

It all started when the Managing Director of Shell Petroleum Development Company (SPDC) Mutiu Sunmonu, said in Abuja that instead of gallivanting to European and other foreign countries to seek for help on tackling crude oil theft, the Goodluck Jonathan administration should move against “principalities and powers in high places,” who are the sponsors of crude oil theft in the Niger Delta.


Mr. Sunmonu, who made the statement at the recently concluded Nigerian Oil and Gas (NOG) 2013 Exhibition and Conference, compared the stolen crude business to the drug business that had couriers, small dealers, and sponsors. The Shell boss said though it is commendable for Nigeria to take the initiative to discuss with foreign countries suspected to hold the proceeds from the sale of stolen crude oil, the problem can be easily solved if the sponsors are found out and dealt with.



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